46600 Romeo Plank RdMacomb, MI 48044

Property Details for 46600 Romeo Plank Rd

Year built

1996

Lot size

4.44 AC

Property size (Sq ft)

13,410 SF

Zone code

O1

Property type

Office buildings

APN

20-08-33-101-005

APU

200833101005

Description

This Macomb County office property, the Macomb Office Center, offers 1,944 square feet of immediately available space in a single-story building constructed in 1996. The building is classified as Class D and sits on a 4.1-acre lot, providing ample parking with 110 spaces. The property is zoned O-1 and features prominent monument signage on Romeo Plank Road, ensuring excellent visibility and accessibility. The entire building encompasses 15,411 square feet, with a minimum divisible space of 1,944 square feet, and a maximum contiguous space also at 1,944 square feet. Currently, 1,944 square feet is vacant and ready for immediate occupancy. The property is professionally managed and offers a gross lease rate of $17.95 per square foot. Located near the intersection of 21 Mile and Romeo Plank Roads in Macomb County, this property presents a unique opportunity for businesses seeking efficient and well-located office space. The property's parcel number (APN) is 20-08-33-101-005. This is a multi-tenant building.

• CAP approach

  CAP return

  Valuation

  6%

  $2,789,084

  6.5%

  $2,574,539

  7%

  $2,390,644

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,254,371

  Geo Method

  $1,254,371

• Alternative Use

  Use

  Valuation

  Residential

  $3,192,429

  Hospitality

  $2,924,248

  Educational

  $2,432,940

  Medical

  $2,516,612

  Retail

  $3,784,573

Location Insight

City

Macomb

County

Macomb

State

Michigan

Latitude

42.6407

Longitude

-82.9353

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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